Mativ Holdings, Inc. (NYSE:MATV) to Issue $0.10 Quarterly Dividend

Mativ Holdings, Inc. (NYSE:MATV) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, May 29th will be paid a dividend of 0.10 per share on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 29th.

Mativ has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 1 years. Mativ has a dividend payout ratio of 43.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mativ to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 32.0%.

Mativ Stock Performance

Shares of MATV opened at $9.34 on Thursday. The stock has a 50 day moving average price of $9.22 and a 200 day moving average price of $11.32. The company has a quick ratio of 1.08, a current ratio of 2.24 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $512.60 million, a price-to-earnings ratio of -1.49 and a beta of 0.89. Mativ has a 52-week low of $4.87 and a 52-week high of $15.48.

Mativ (NYSE:MATV) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The firm had revenue of $479.60 million during the quarter, compared to the consensus estimate of $486.90 million. Mativ had a positive return on equity of 9.79% and a negative net margin of 16.98%. Research analysts predict that Mativ will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MATV. Royal Bank of Canada grew its position in shares of Mativ by 31.3% during the first quarter. Royal Bank of Canada now owns 45,795 shares of the company’s stock worth $286,000 after acquiring an additional 10,927 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Mativ by 119.8% during the first quarter. AQR Capital Management LLC now owns 167,517 shares of the company’s stock worth $1,044,000 after acquiring an additional 91,301 shares during the last quarter. Millennium Management LLC grew its position in shares of Mativ by 1,978.4% during the first quarter. Millennium Management LLC now owns 996,673 shares of the company’s stock worth $6,209,000 after acquiring an additional 948,720 shares during the last quarter. Empowered Funds LLC grew its position in shares of Mativ by 6.0% during the first quarter. Empowered Funds LLC now owns 319,593 shares of the company’s stock worth $1,991,000 after acquiring an additional 18,161 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Mativ during the second quarter worth approximately $159,000. Institutional investors and hedge funds own 94.95% of the company’s stock.

About Mativ

Mativ is a global supplier of specialty fiber-based materials and engineered solutions, established in April 2021 through the spin-off of Ahlstrom-Munksjö’s global filtration and engineered materials business. Trading on the New York Stock Exchange under the ticker MATV, the company focuses on designing and manufacturing high-performance products for a broad range of end markets, including life sciences, energy storage, industrial filtration, and consumer products.

Through its Advanced Solutions segment, Mativ produces innovative materials such as lithium-ion battery separators, specialty release liners, and pressure-sensitive adhesive tapes.